Social media lawbreakers to face $50 million fines under age restriction legislation

The federal government will today introduce its new social media laws to parliament, announcing $50 million penalties for companies found to breach them.

The legislation, if passed, will mandate 16 as the minimum age to access social media.

Companies found to systematically breach the laws will face penalties of up to $50 million.

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There will be exceptions to the ban, including messaging services, online games, and health and education services.

Social media companies will also be expected to maintain strong privacy provisions, including the destruction of any information collected.

While a number of experts have questioned the value of the legislation, it has essentially bipartisan support in parliament.

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It's understood the Coalition would like to see the legislation go further, backing controls to reduce addictive algorithms, and a mandate for social media companies to report inappropriate and illegal material.

"This reform is about protecting young people and letting parents know we've got their backs," Communications Minister Michelle Rowland said.

"Social media has a social responsibility for the safety and mental health of young Australians."

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Rowland said the legislation would put the onus on social media platforms, "not parents or children", to keep protections in place.

"Ultimately, this is about supporting a safer and healthier online environment for young Australians," she said.

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